Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1993 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1993 (9) TMI 138 - AT - Income TaxExtract: .......than to the assessee in coming to the conclusion that the articles sold by her are jewellery and not personal effects and, therefore, liable to capital gains tax as capital asset. We, therefore, reverse the finding and conclusion of the Appellate Commissioner in the impugned order and uphold that of the Assessing Officer. The appeal stands allowed.
|